The Nest

NestApple's Real Estate Blog

Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.

The Complete Guide to the NYC Mortgage Recording Tax

 The NYC Mortgage Recording Tax (MRT), a.k a. Mortgage Tax in NYC, equals 1.8% for loans below $500k and 1.925% for mortgages over $500k. As a result, the MRT is the highest buyer closing cost in NYC. Authorities calculate the… Read More

What is a private mortgage insurance on mortgage in NYC?

When you first apply for financing during your real estate purchase, you will hear about many different terms. Along with the various loan types (ARM, conventional, FHA, VA),  you may also listen to whispers about mortgage insurance. If you get… Read More

2023 Tax Benefits for Investment Properties in NYC

Purchasing an investment property is an efficient way of receiving some passive income. However, investing in NYC remains attractive, given the high rental income that it entails. However, investors and owners struggle with the costs of buying, owning, and operating… Read More

Guide to CEMA Mortgage Loans in NYC

There are a lot of closing costs associated with purchasing a home and using a CEMA Mortgage Loans in NYC represents an excellent way for buyers to save money by reducing their mortgage recording tax liability. In this guide, we’ll… Read More

Own a rental property under my name or under an LLC?

Do you need a limited liability company (LLC) for a rental property in New York City? This blog will analyze the benefits of establishing an LLC in NYC real estate. We will go over the common issues about this ownership… Read More